Costco Wholesale (COST) Earnings Date and Reports 2024 (2024)

Earnings Summary

Upcoming
Earnings Date
May. 30

After Market Closes

Confirmed

Actual EPS
(Mar. 7)
$3.71 Beat By $0.09

Consensus EPS
(Mar. 7)
$3.62

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Earnings Per ShareRevenue

COST Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

COST Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

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Costco Wholesale Analyst EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20246$3.30$3.67$3.50
Q2 20247$3.50$3.75$3.60
Q3 20246$3.34$3.88$3.69
Q4 20245$4.56$5.44$4.99
FY 202424$14.70$16.74$15.78
Q1 20253$3.74$4.09$3.89
Q2 20253$3.92$4.47$4.16
Q3 20253$4.02$4.24$4.10
Q4 20253$5.31$5.66$5.45
FY 202512$16.99$18.46$17.59
Q1 20261$4.02$4.02$4.02
Q2 20261$4.23$4.23$4.23

COST Earnings Date and Information

Costco Wholesale last announced its quarterly earnings results on March 7th, 2024. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.09. The company had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. Its revenue was up 5.7% compared to the same quarter last year. Costco Wholesale has generated $15.29 earnings per share over the last year ($15.29 diluted earnings per share) and currently has a price-to-earnings ratio of 53.4. Earnings for Costco Wholesale are expected to grow by 9.66% in the coming year, from $15.84 to $17.37 per share. Costco Wholesale has confirmed that its next quarterly earnings report will be published on Thursday, May 30th, 2024. Costco Wholesale will be holding an earnings conference call on Thursday, May 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call..

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Costco Wholesale Earnings History by Quarter

Export to Excel

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueCall Transcript
5/30/2024
(Confirmed)
-------
3/7/2024Q2 2024$3.62$3.71+$0.09$3.50$59.11 billion$58.44 billion
12/14/2023Q4 2023$3.41$3.48+$0.07$3.38$57.79 billion$57.80 billion
9/26/2023Q3 2023$4.79$4.86+$0.07$4.86$77.72 billion$78.94 billion
5/25/2023Q3 2023$3.32$3.43+$0.11$3.93$54.58 billion$53.65 billion
3/2/2023Q2 2023$3.20$3.30+$0.10$3.30$55.61 billion$55.27 billion
12/8/2022Q1 2023$3.14$3.10($0.04)$3.13$54.67 billion$54.44 billion

Costco Wholesale (COST) Earnings Date and Reports 2024 (3)

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9/22/2022Q4 2022$4.12$4.20+$0.08$4.20$72.00 billion$72.09 billion
5/26/2022Q3 2022$3.00$3.17+$0.17$3.30$51.49 billion$52.60 billion
3/3/2022Q2 2022$2.74$2.92+$0.18$2.92$51.51 billion$51.90 billion
12/9/2021Q4 2021$2.59$2.98+$0.39$2.96$49.75 billion$49.42 billion
9/22/2021Q3 2021$3.57$3.90+$0.33$4.04$61.45 billion$61.44 billion
5/26/2021Q2 2021$2.28$2.75+$0.47$2.75$43.82 billion$44.38 billion
3/3/2021Q1 2021$2.45$2.14($0.31)$2.14$43.71 billion$44.77 billion
12/9/2020Q4 2020$2.05$2.29+$0.24$1.96$42.26 billion$43.21 billion
9/24/2020Q3 2020$2.85$3.13+$0.28$3.13$52.03 billion$52.28 billion
5/28/2020Q2 2020$1.92$1.89($0.03)$1.89$36.66 billion$36.45 billion
3/5/2020Q1 2020$2.06$2.10+$0.04$2.10$38.26 billion$39.10 billion
12/12/2019Q4 2019$1.71$1.73+$0.02$1.56$37.40 billion$37.04 billion
10/3/2019Q3 2019$2.54$2.69+$0.15$2.91$47.71 billion$47.50 billion
5/30/2019Q2 2019$1.83$1.89+$0.06$1.73$34.72 billion$34.74 billion

Costco Wholesale Earnings - Frequently Asked Questions

When is Costco Wholesale's earnings date?

Costco Wholesale has confirmed that its next quarterly earnings data will be published on Thursday, May 30th, 2024. Learn more on COST's earnings history.

Did Costco Wholesale beat their earnings estimates last quarter?

In the previous quarter, Costco Wholesale (NASDAQ:COST) reported $3.71 earnings per share (EPS) to beat the analysts' consensus estimate of $3.62 by $0.09. Learn more on analysts' earnings estimate vs. COST's actual earnings.

How can I listen to Costco Wholesale's earnings conference call?

The conference call for Costco Wholesale's latest earnings report can be listened to online. Listen to Conference Call

How can I read Costco Wholesale's conference call transcript?

The conference call transcript for Costco Wholesale's latest earnings report can be read online. Read Transcript

How can I view Costco Wholesale's earnings report?

Costco Wholesale's earnings report can be found in their filing with the SEC. View SEC filing

How much revenue does Costco Wholesale generate each year?

Costco Wholesale (NASDAQ:COST) has a recorded annual revenue of $242.29 billion.

How much profit does Costco Wholesale generate each year?

Costco Wholesale (NASDAQ:COST) has a recorded net income of $6.29 billion. COST has generated $15.29 earnings per share over the last four quarters.

What is Costco Wholesale's price-to-earnings ratio?

Costco Wholesale (NASDAQ:COST) has a trailing price-to-earnings ratio of 53.37 and a forward price-to-earnings ratio of 51.52. The price/earnings-to-growth ratio is 5.34.

What is Costco Wholesale's EPS forecast for next year?

Costco Wholesale's earnings are expected to grow from $15.84 per share to $17.37 per share in the next year, which is a 9.66% increase.


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Costco Wholesale (COST) Earnings Date and Reports 2024 (2024)

FAQs

Costco Wholesale (COST) Earnings Date and Reports 2024? ›

When does Costco (COST) report earnings? Costco (COST) is schdueled to report earning on Sep 26, 2024, After Close Not Confirmed. What is Costco (COST) earnings time? Costco (COST) earnings time is at Sep 26, 2024, After Close Not Confirmed.

What is the EPS for Costco in 2024? ›

Costco basic eps for the quarter ending May 31, 2024 was $3.79, a 28.91% increase year-over-year. Costco basic eps for the twelve months ending May 31, 2024 was $16.17, a 19.69% increase year-over-year. Costco annual basic eps for 2023 was $0.014B, a 7.67% increase from 2022.

What are the changes in Costco 2024? ›

The Company also announced that, effective September 1, 2024, it will increase annual membership fees by $5 for U.S. and Canada Gold Star (individual), Business, and Business add-on members. With this increase, all U.S. and Canada Gold Star, Business and Business add-on members will pay an annual fee of $65.

Is Costco going to beat earnings? ›

Key Takeaways. Costco Wholesale reported fiscal third-quarter earnings that beat analyst expectations, with profit rising nearly 30% year-over-year.

What is the gross profit of Costco in 2024? ›

Costco gross profit for the twelve months ending May 31, 2024 was $31.706B, a 11.18% increase year-over-year. Costco annual gross profit for 2023 was $29.704B, a 7.73% increase from 2022. Costco annual gross profit for 2022 was $27.572B, a 9.22% increase from 2021.

What is Costco's next dividend? ›

Dividend Summary
SummaryPrevious dividendNext dividend
Per share116c116c
Declaration date10 Apr 2024 (Wed)10 Jul 2024 (Wed)
Ex-div date25 Apr 2024 (Thu)26 Jul 2024 (Fri)
Pay date10 May 2024 (Fri)09 Aug 2024 (Fri)
2 more rows

What is the stock price forecast for Costco in 2025? ›

According to analysts, COST price target is 889.71 USD with a max estimate of 1,050.00 USD and a min estimate of 676.00 USD. Check if this forecast comes true in a year, meanwhile watch Costco Wholesale stock price chart and keep track of the current situation with COST news and stock market news.

Is Costco doing well financially? ›

While COST beat revenue and earnings expectations for its fiscal 2024 third quarter, the company kept membership fees unchanged at current rates. In the 12 weeks ended May 12, Costco's revenue increased 9.1% year-over-year to $58.5 billion.

What are the biggest threats to Costco? ›

Some of these threats include: Intense competition: The retail industry is highly competitive, with many competitors vying for customers' attention and dollars. Costco faces competition from other big-box retailers like Walmart and Target and online retailers like Amazon.

Is Costco in debt? ›

Total debt on the balance sheet as of May 2024 : $9.29 B

According to Costco's latest financial reports the company's total debt is $9.29 B. A company's total debt is the sum of all current and non-current debts.

Who gets paid the most at Costco? ›

Highest paying jobs at Costco Wholesale
RankJob TitleAverage Costco Wholesale Salary
1Staff Pharmacist$135,373
2Software Developer$115,268
3Director, Membership Marketing$59,469
4Marketing Representative$45,530
16 more rows

Who has the most stock in Costco? ›

The top Costco shareholders are Craig Jelinek, Charles Munger, Patrick Callans, Vanguard Group Inc., BlackRock Inc., and State Street Corp. "Insider" refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company's stock.

What is the main source of income for Costco? ›

Key Takeaways. Costco makes some of its profits from its merchandise, but the bulk of its profits come from membership dues.

Where does Costco make the most profit? ›

So all the money that Costco earns is mainly membership fees, as their merchandise is either break even or a tiny profit margin and many of their items are in the red.

Who does Costco compete with? ›

Costco Wholesale Corp's (COST) main competitors in the highly competitive retail market of large discount stores are Walmart Inc. (WMT) and Target Corporation (TGT). These companies are also sometimes classified as consumer defensive stocks.

What is Costco's annual EPS? ›

Costco EPS for the twelve months ending May 31, 2024 was $16.14, a 19.56% increase year-over-year. Costco 2023 annual EPS was $14.16, a 7.76% increase from 2022. Costco 2022 annual EPS was $13.14, a 16.59% increase from 2021. Costco 2021 annual EPS was $11.27, a 24.94% increase from 2020.

What is the PE of Costco stock? ›

As of Jul 25, 2024, the COST stock has a PE ratio of 50.46. The calculation is based on the latest EPS of $16.17 and the stock price of $815.95 per share.

How well is Costco performing financially? ›

Net sales for the quarter increased 9.1 percent, to $57.39 billion, from $52.60 billion last year. Net sales for the first 36 weeks increased 7.0 percent, to $171.44 billion, from $160.28 billion last year.

What is the 12 month forecast for Costco stock? ›

Based on analyst ratings, Costco's 12-month average price target is $910.05. Costco has 11.31% upside potential, based on the analysts' average price target. Costco has a consensus rating of Strong Buy which is based on 19 buy ratings, 6 hold ratings and 0 sell ratings. The average price target for Costco is $910.05.

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